Question: Lacy Construction has a noncontributory, defined beneft pension plan, At December 3 1 . 2 0 2 4 , Lacy recelved the following information:

Lacy Construction has a noncontributory, defined beneft pension plan, At December 31.2024, Lacy recelved the following information:
\table[[Projected Benefit osligation,(5) In millions]],[Balasce, Jahuary 1,$ 1,249],[Service cost,95],[Prior service cost,43],[Interest cedt (5,e4),62],[Bentfils paid,(92)],[Bulance, Decrmber 11,51.754],[Ptas Assets,[s in milliena]],[Batance. Janoary 1,[59pe],[Artwal returs on plan avoets,551],[Comtrlbulibes 2024,95],[Benefits paid,(92)],[Balanct. Pecenter 31,5655]]
The expected long-serm rate of return on plan asvets was 10%. These were no ADCi balances related to penalions on January 1,2024. At the end of 2024, Lacy amended the pension formula creasing a prior service cost of 548 millan.
Requilred:
Determine Lacy's pension expense for 2024.
Prepare the joumal entry(s) to necord Lacy's (a) pension expense, (b) pains or loates, (ci) prigr service cost, (d) funding, and (o) paryment of reticee benefiss for 2024.
Complete this question by entering your anwwers in the tabs below.
Required :
Dubermine Lacy's perdios expense for 2004. be entered an 109.
\table[[Penalon Esperse],[17 In mitional],[Service most,],[Interest cost,],[Crpected retam on the plan miseth,],[Ampriastion ef prior servioe cout,],[,],[Pension axpente,]]
answer BOTH REQUIRMENTS
Lacy Construction has a noncontributory, defined

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